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Booth is baller
Anyone have a guess on the percentage of those who were in IBD prior to MBA?
These are impressive numbers... but are these all strictly IBD positions, or they they also include back/middle office, or sales roles?
To answer the other posters question - the % of pre-IBD experience is very, very low. I know of two explicitly and would say its probably not more than 5.
Damn. This sounds too good to be true. Maybe I should go for an MBA degree..
Only ~5 people recruiting for IBD at Booth had previous experience in IB? i don't mean to question this but it just seems really hard to believe for the amount of people that come from an IB background and the limited PE/HF opportunities. This is very good news though.
strong to ...
Jesus.. Booth sends more than HYPWS?
Anybody have those numbers.......^
Huh? You realize we're talking about MBA programs, right?
Everyone always jabs at Booth, but it really isn't much of a step down in IB/PE/HF from HWS, if any.
9 at BAML? 2nd only to CS with 11... hot damn
where you heading boothorbust?
.
Wonder what it's like to work in IBD in Brussels. Saw some house hunters episode there and houses were like $10,000
Thanks for stats! That's really impressive.
note to self: get into top mba
Any chance you could show the summer asset management placement at Booth?
Yup. This is what I'm interested in. I have zero interest in BB. I would love to see IM and HF placement.
Thanks for this. Further proof that a M7 MBA is the best degree for one's professional mobility. The MBA haters need to stop drinking the hatorade.
Aqr pimco jpm private banking
Investor associate explicitly lol
Here are some of the Asset Management/PB Numbers
3 JPM Private Bank 1 GS Private Bank 2 CS Asset Mgmt 1 UBS Asset Mgtm 1 DFA 1 Each at Apaloosa, Luminus, and Eaton Vance 5 PIMCO 3 Franklin Templeton 2 T. Rowe Price
Hedge Fund recruiting is not over yet, so almost none of that is reported.
Wait... I thought private banking was just high net worth financial advisors... CSAM or GSAM make sense here. Do people that want HF opps really recruit for PB opps as well? I thought those wouldn't really be comparable.
There is not much cross over between PB and HF, you are correct.
Thank you!
No Fred Alger? No Fido? I'm forgetting some of the AM/Hf that recruited while I was at booth. I rememver AQR and SAC too. Where the hell is citadel? Actually nvm hf recruit really late.
Citadel hires very few MBAs. I think only 1 at booth last year got citadel, for the global equities group.
The real numbers are higher. Career services at all b-schools is still collating data from students.
a buddy of mine just graduated from Booth, the summer between his 1st and 2nd year he interned for GS in NY. Got a return offer but ended up turning them down to do something else, so yes Booth and their students are ballers.
Booth is a great school, but i wouldn't describe their students as "ballers." Let's not get carried away here.
Nice list. I know an associate at a top boutique (think Evercore/GHL/Moelis) who went to Booth and had no prior IB experience (worked BO for a bank before).
I hope job placement reports like this, as well as other top schools, will put to rest the ridiculous anti-MBA arguments that have been made repeatedly.
I don't think the arguments are generally anti-MBA. They're more like "If I don't get into a top MBA, is it worth paying 200K + opportunity cost for a less regarded MBA."
I was mostly referring to the arguments made in other sites such as that ridiculous WSJ article which makes a bunch of strawmen arguments against the value of an MBA. Also, 300hours' thread on this topic was one of the most poorly reasoned things I've read on this site.
Agreed. I am always so amazed with how much my post-mba associates know. They are great source of knowledge, and their MBA gives them that.
very impressive numbers, however not unexpected. from my understanding booth is a heavy finance program so it would only make sense many folks pursue IBD or other areas of finance.
can anyone provide the % of conversion to full time offers? its one thing to land a summer internship, its another to land a full time offer. just curious how that would stack up against these numbers.
either way, very impressive.
From my understanding, folks at the M7 schools that are interested in investment banking pretty much always get a spot. These are the primary feeders to investment banking associate programs. The Top 20 are also feeders, but BB jobs are less of a lock at schools such as UNC and Darden as opposed to Booth / Kellogg / Columbia.
It was also mentioned above, but I'll reiterate that the folks that are typically pursuing IBD jobs at these schools did NOT do IBD beforehand. I've spoken to IBD Clubs at a couple of the top 7 schools and they primarily consist of career changes from totally unrelated roles that are looking to make a lot more money. Outside of banking and consulting, the coveted jobs really appear to be ones on the buyside.
is it really almost 100% success rate? wouldn't the people who didn't get ib offers just say they were going for something else. i presume this is a self-reported survey right. do you have similar numbers for consulting?
Here are the consulting numbers: 98 Students going to consulting. 86 Strategy Consulting 11 "Other" Consulting 1 IT Consulting
Strategy Firms: A.T. Kearney, Inc. 6 Accenture 8 Bain & Company, Inc. 8 Booz & Company, Inc. 1 Deloitte Consulting 8 ECG Management Consultants, Inc. 1 JPMorgan Chase & Co. 1 Kurt Salmon 1 L.E.K. Consulting 2 McKinsey & Company, Inc. 23 PwC Advisory 2 Roland Berger Strategy Consultants GmbH 1 Samsung Group 1 Schlumberger Business Consulting 1 The Boston Consulting Group, Inc. 20 The Cambridge Group, Inc. 2
Other Firms: Analysis Group Inc 1 Axiom Consulting Partners 1 Bellwether Education Partners 1 Civic Consulting Alliance 1 Ernst & Young LLP 1 Google Inc. 1 McKinsey & Company, Inc. 1 PwC Advisory 3 The Keystone Group 1
Technology: Deloitte 1
I have heard a rumor that all or nearly all of the MBB offers were cross offers with at least one other of the MBB, which ended up depressing the total number of accepts for MBB (i.e., there were far more offers extended than accepted positions, which is what the numbers above are)
Wow, for that 1 person, it must really suck to go into IT consulting coming from Booth.
Btw, is the "86" Booth students going into Strat Consulting reliable? I know several people at Columbia MBA who were MBB before MBA and they got sponsored to go to b-school, with offers to come back. I heard that the number of these students at top b-schools is pretty substantial. So, I'd think the actual number of non-consulting pre-biz school folks who got strat consulting through MBA may in fact be much lower than the numbers thrown around here.
Looks like BCG is continuing to hire crazy amounts of MBAs again this year. Pretty impressive consulting numbers though, I wonder how it compares to Kelloggs numbers this year
Strictly IBD????? Oh man those are some high numbers. My school could never get numbers that high even if it tried to fake it. So this is the power of M7
Bain numbers look low. I heard they were slowing down a bit. Good comment regarding BCG's continued growth.
Yeah, from Booth's webpage (http://www.chicagobooth.edu/employmentreport/employer.aspx?year=2012), for Bain:
2012 - 20 interns 2011 - 20 interns (Is this an error? 2011 employment report looks same as 2012) 2010 - 10 interns 2009 - 16 interns 2008 - 13 interns 2007 - 10 interns vs. 2013 - 8 interns per above post. Slow year?
BCG looks like their high was 15 over that period, vs. 20 this year.
Who knows.
Personally, I would pick BCG or McKinsey over Bain. Although my choices next year will most likely be more like Deloitte vs Accenture, and I would go for Deloitte for the same reasons. As an MBA/Post MBA, I want a corporate structure that is at worst 50/50 and at best Diamond shaped.
Do you get the same feeling from classmates, or is it just a coincidence?
Thanks for the info!
How does recruiting differ for those targetting non-NY locations, specifically the SF Bay Area? I would imagine that most of the OCR for BBs is focused on positions in their NY offices and that recruiting outside of that requires a bit more legwork and self-direction.
The OCR is sometims firm focused, not necessarily office focused. For example, when BAML came they brought a lot of people from Palo Alto.
The people who were recruiting for SF made a separate trek out to the west coast. This was enough to get their names on the list, and everyone who wanted Bay Area got it. Similar for Houston.
Office numbers were informative since most mba employment reports don't include a specific industry's geographic placement stats. Thanks for the info on the recruiting process.
kind of surprised DFA isn't bigger at Booth. still, impressive. I guess HSW has become HSWB.
DFA doesn't hire MBAs for investment roles, mostly PhDs. The one guy from my class who went to work there FT was at DFA prior to B-school.
Besides, didn't they move to Austin from LA? A slight downgrade for a late 20's finance guy/gal.
DFA's headquarters is in Austin, but they also have a big office in Santa Monica. Being a single finance guy living in SM, and making $150K+/year is a pretty sweet lifestyle. Ditto for PIMCO and newport beach, but that's not as ideal for young singles.
dude you are 25+ and in bschool, get off the internet and go get an actual social life. nobody cares abt this stuff - recruiting was over 4 months ago, and no one else at booth is on wall st oasis obsessing to an audience of bedwetting undergrads. how fcking pathetic.
btw your data isnt even accurate.
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